The Nightly Mint: Daily NFT Recap
16 April 2022 - 5:42AM
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It was a quiet Friday for the NFT market, but as we close out
mid-April, despite a slower number of eye-popping headlines, there
is still strong engagement with NFTs. According to Nansen NFT data,
April is on-par with March data regarding volume, transactions, and
users. Alt-chains such as Terra, Avalanche, Cardano, Solana, and
others, are likely eating into market share as their respective NFT
markets begin to take shape (to the point where referring to them
as “alt-chains” is practically disrespectful). Let’s close
out the week with a refreshing ‘Nightly Mint‘ to head into the
weekend. The Nightly Mint Latest Mint: Another Congressional
Candidate NFT We’ve seen a handful of potential congressional
candidates across the U.S. look at NFTs as a potential fundraising
option – but for the most part politicians have been steering away
from addressing them publicly. Add another candidate who’s giving
the ‘wild west’ landscape a try, Oregon’s Matt West. According to
Axios, West has launched a ‘Crypto Beavers’ NFT collection ranging
from 0.05 ETH to 1.5 ETH in pricing, and are expected to be
released early next week. West, the Democratic candidate, is a
Yearn Finance contributor and will release his NFTs on Ethereum.
Related Reading | ADA To Rebound With Integration Of USDT And USDC
On Cardano? Ethereum has been voiced by critics in the general
population as one of the most energy-consuming chains available to
the NFT market. That didn't slow potential congressional candidate
Matt West from utilizing it for his fundraising effort. | Source:
ETH-USD on TradingView.com Emirates Going In Big With NFTs Emirates
is the latest brand to take a splash into NFTs, announcing a new
NFT project aimed to address customer service and drive new
revenues. The airliner doubled down, adding that their Emirates
Pavilion at the Dubai Expo 2020 would be repurposed as an
innovation hub aimed to help build future-first products that are
involved with blockchain technology, NFTs, and/or Web3. The ‘Minty
Fresh’ Take There are often a few tell-tale signs of potential NFT
rugs. @zachxbt brings an insane cash flow graphic of monies that
funneled across various NFT scam projects. Visualizing a $3.7m NFT
project scam ring. The common theme between all of these projects
are Fiverr art, fake engagement, high mint prices, & sketchy
teams. pic.twitter.com/oMbcr222Jl — zachxbt (@zachxbt) April 15,
2022 Related Reading | Ripple CEO Optimistic On SEC Case, Why XRP
Saw Weak Response Featured image from Pexels, Charts from
TradingView.com The writer of this content is not associated or
affiliated with any of the parties mentioned in this article. This
is not financial advice.
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